Small Savings Schemes Interest Rates from October to December 2019
F.No.1/4/2019-NS
Government of India
Ministry of Finance
Department of Economic Affairs
(Budget Division)
Office Memorandum
North Block, New Delhi
Dated: 30.09.2019
Subject : Revision of interest rates for Small Savings Schemes.
On the basis of the decision of the Government, interest rates for small savings schemes are notified on quarterly basis since is’ April, 2016. Accordingly, the rates of interest on various small savings schemes for the third quarter of financial year 2019-20 starting from 1st October, 2019 and ending on 31st December, 2019 shall remain unchanged from those notified for the second quarter (1st July, 2019 to 30th September, 2019) of financial year 2019-20.
2. This has the approval of Finance Minister.
(Sunil Chandhari)
Deputy Secretary ( Budget )
Small Savings Schemes Interest Rates from October to December 2019
| Instrument | Rate of interest w.r.t. 01.04.2019 to 30.06.2019 | Rate of interest w.r.t. 01.07.2019 to 30.09.2019 | Compounding frequency* |
|---|---|---|---|
| Savings Deposit | 4.0 | 4.0 | Annually |
| l Year Time Deposit | 7.0 | 6.9 | Quarterly |
| 2 Year Time Deposit | Quarterly | ||
| 3 Year Time Deposit | Quarterly | ||
| 5 Year Time Deposit | 7.8 | 7.7 | Quarterly |
| 5 Year Recurring Deposit | 7.3 | 7.2 | Quarterly |
| 5 Year Senior Citizen Savings Scheme | 8.7 | 8.6 | Quarterly and paid |
| 5 Year Monthly Income Account | 7.7 | 7.6 | Monthly and paid |
| 5 Year National Savings Certificate | 8.0 | 7.9 | Annually |
| Public Provident Fund Scheme | 8.0 | 7.9 | Annually |
| Kisan Vikas Patra | 7.7 (will mature in 112 months) | 7.6 (will mature in 113 months) | Annually |
| Sukanya Samriddhi Account Scheme | 8.5 | 8.4 | Annually |
* No Change
| Free Email Subscription | Click here |
Follow us on  Â Facebook |
Click here |
Follow us on  Twitter |
Click here |
